SECTION 9. SELF-CORRECTION

OF SIGNIFICANT OPERATIONAL FAILURES

.01 Requirements . The requirements of this section 9 are satisfied with respect to an Operational Failure (even if significant) if the Operational Failure is corrected and the correction is either completed or substantially completed (in accordance with section 9.03) by the last day of the correction period described in section 9.02.

.02 Correction period . (1) End of cor- rection period . The last day of the correction period for an Operational Failure is the last day of the second plan year following the plan year for which the failure occurred. However, in the case of a failure to satisfy the requirements of § 401(k)(3), 401(m)(2), or, for plan years beginning on or before December 31, 2001, the multiple

failures to comply with the annual reporting requirements (Form 5500 series) under ERISA may be corrected.